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Aviation Markets
This volume is a collection of 17 papers selected from David Starkie's extensive writings over the last 25 years. Previously published material has been extensively edited and adapted and combined with new material, published here for the first time. The book is divided into five sections, each featuring an original overview chapter, to better establish the background and also explain the papers' wider significance including, wherever appropriate, their relevance to current policy issues. These papers have been selected to illustrate a significant theme that has been relatively neglected thus far in both aviation and industrial economics: the role of the market and its interplay with the development of economic policy in the context of a dynamic but partly price regulated industry. The result provides a strong flavour of how market mechanisms, and particularly competition, can operate to successfully resolve policy issues.
The Regulation of Air Transport
The regulation of modern civil aviation can be traced back to the later years of the Second World War. An intense debate about the future regulatory regime resulted in a compromise which to this day essentially dictates the structure of the global airline industry. Further progress towards ‘normalising’ the industry appears to be slowing down, and perhaps even going into reverse. Without an understanding of the development of regulation, it is not possible to understand fully the industry’s current problems and how they might be resolved. Many books have been written about the development of international air transport, covering deregulation, privatisation, the emergence of new busines...
Successes and Failures in Regulating and Deregulating Utilities
This book is the latest annual review of utility regulation and deregulation, published in association with the Institute of Economic Affairs and the London Business School
This Old Monmouth of Ours
Hampshire County was formed from the Virginia counties of Augusta and Frederick in 1754. Later, during the American Civil War, it became the first Virginia county wholly in the territory that is now West Virginia. Mrs. Vicki Horton is the compiler of a number of Hampshire County genealogical source record collections, six of which are now available from Clearfield Company (see also items 9734, 9339, 9147, 9336, and 9335). Hampshire County Virginia Personal Property Tax Lists consists of alphabetically arranged lists of all persons who paid a property tax for every year between 1800 and 1814, except for 1808, when no tax was collected. For each taxpayer Mrs. Horton has coded the number of white tithables in the household, the number of horses owned, and the number of slaves, if any. On occasion, persons are identified with supporting information, such as occupation. All the taxpayers are readily identified in the comprehensive index at the back of the volume. Since this volume contains more than 20,000 entries, it is hard to imagine a better census approximation of Hampshire County residents for this time period.
Airport Slots
Over the past several decades, commercial air traffic has been growing at a far greater rate than airport capacity, causing airports to become increasingly congested. How can we accommodate this increased traffic and at the same time alleviate traffic delays resulting from congestion? The response outside the US has been to set a maximum number of slots and use administrative procedures to allocate these among competing airlines, with the most important consideration being 'grandfather rights' to existing carriers. The United States, on the other hand, has used administrative procedures to allocate slots at only four airports. In all other cases, flights have been handled on a first-come, fi...
Regulating Utilities
Every year the Institute of Economic Affairs and the London Business School publish a volume of essays about Britain's system of utility regulation, with additional discussion of regulation in other countries. The book is a must for those interested in regulation, because it is an up-to-date review of the major issues in the field and includes the views of the sector regulators and the general competition authorities.
Revitalizing a Nation
An efficient transportation system reduces the cost of distance by moving people and goods from their origins to their destinations as cheaply, quickly, and safely as possible. By enabling individuals and firms to be more productive, transportation provides the foundation for the development and growth of industries and an entire economy. Clifford Winston, Jia Yan, and Associates argue that competition and innovation are the key drivers of an efficient transportation system. The authors provide new evidence that transportation deregulation and privatization that spur additional competition among carriers and infrastructure providers, as well as new innovations that create autonomous transportation services, have the potential to rid the US transportation system of its major inefficiencies and revitalize the nation.
Moving Millions
With the "merger" of the MTRC and the KCRC in 2007, the history of Hong Kong's railways turned a new page. The two government-owned corporations were exceptionally profitable. Yet, this commercially successful railway model was not without social costs and political controversies. Moving Millions critically examines the governance history of the MTRC and the KCRC over the past three decades, and sheds light on the challenges to Hong Kong's railway after the "merger". The author discusses complex relationships between railway management, government policy and politics. Critical issues are analysed, including corporate governance; railway-property development; funding and managing new projects; mismanagement and controversies; public accountability; and passenger interest in fares, choice and convenience. The book compares how differently the MTRC and the KCRC dealt with the government, civil society, the market, and with each other to achieve commercial objectives and tackle public interests issues in a post-industrial society, where public expectations are rising despite constraints in democracy.
